Kodak’s Cash Pile Shrinks 9.9% as Perez Builds Printer Unit

Eastman Kodak Co., the 131-year-old camera maker, ended the third quarter with 9.9 percent less cash than three months earlier and said it would use more than anticipated this year as it works to build its digital printing-equipment business.

Cash and equivalents dropped to $862 million from $957 million in the second quarter, the Rochester, New York-based company said today in a filing. Kodak also said its cash balance at the end of the year would be $1.3 billion to $1.4 billion, down from an earlier projection of $1.6 billion to $1.7 billion.